joining secretary of state hillary clinton pentagon chief panetta and treasury secretary geithner and other members of the cabinet heading out the door. not all that unusual. you see a lot of turnover between the first and second term of a presidency. >> look at this shocking new numbers show federal welfare spending will skyrocket in this country. over the next decade. the report is just out from the congressionalee serve service and the congressional budget office and it projects, listen to this, an 80% jump in federal welfare spending by 2022. 80%. is the united states becoming more and more of an entitlement nation? that is a very legitimate question to raise looking at that number. stuart varney joins me now, host of "varney & company" on the fox business network. stuart, that's a big number. >> oh, yes, there will be a massive run-up in the cost and the extent of welfare programs and payments at the federal level over the next 10 years. now as that projection is being made, remember, in the news background you have president obama saying, no spending cuts. and the rating age